Quarterly Conundrum

q2 For the last 25 years, for statistical reasons not entirely understood but having to do with residual seasonality, Q1 GDP has usually been very weak. As a result, the other three quarters have been somewhat elevated with Q2 usually being the best quarter of the year. As a result, closely watch the upcoming first estimate and both revisions of Q2 GDP as it is likely to be the best quarter!

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